Governor Deval Patrick today announced a state-federal partnership to advance the Somerville Assembly Square Project. Joined by Senator John Kerry,Congressman Mike Capuano, and Somerville Mayor Joseph A. Curtatone, the Governor said more than $65 million in state bond and federal stimulus funds will support the public infrastructure improvements needed to accelerate a development project and create thousands of permanent jobs and long-term regional economic growth.
The Governor has committed $50 million as the state’s first project supported by Infrastructure Investment Incentive Program (I-Cubed) program bonds. I-Cubed creates a partnership between a developer, a host community and the state, helping municipalities and developers fund street, sidewalk, water and sewer and other infrastructure projects that ignite private development and stimulate the state’s economy. These funds will support public infrastructure improvements at the project.
The Congressional delegation and the Governor have also committed to using $15 million in American Recovery and Reinvestment Act (ARRA) Highway Transportation funding to complete the necessary infrastructure improvements for the mixed-use project.
A large, multi-phase project to be completed over several years, the Assembly Square project will ultimately result in 1.75 million square feet of office space, 1.15 million square feet of retail space including a new hotel, 2,100 rental and ownership condominium housing units and a new MBTA Orange line stop.
Learn more about Governor Patrick's Massachusetts Recovery Plan.
Governor Baker, Mayor Walsh Announce Joint Community Redevelopment Venture in Downtown Boston posted on Feb 9
Today as part of the Baker-Polito Administration’s “Open for Business” Real Estate Asset Leveraging (REAL) Strategy, Governor Charlie Baker and Boston Mayor Martin J. Walsh announced a joint state and city venture with Veolia North America to explore the strategic redevelopment of the Massachusetts Department …Continue Reading Governor Baker, Mayor Walsh Announce Joint Community Redevelopment Venture in Downtown Boston
MBTA: Green Line Service Temporary Suspension between Park and Haymarket posted on Feb 9
On selected weekends and nights, MBTA Green Line service will be suspended in both directions between Park and Haymarket stations to allow for platform work as part of the Government Center Station project. The diversion will allow personnel access to the Government Center Green Line …Continue Reading MBTA: Green Line Service Temporary Suspension between Park and Haymarket
MassDOT Prepares for Winter Storm posted on Feb 7
The Massachusetts Department of Transportation (MassDOT) is preparing for a significant winter storm which is scheduled to arrive in some areas of the state overnight tonight and early Monday morning and which will bring blizzard conditions to areas along the South Shore as well …Continue Reading MassDOT Prepares for Winter Storm